Dana Gas' Q1 output falls due to natural decline in Egypt
The company's net profit more than doubled, however.
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The company's net profit more than doubled, however.
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced a 125% jump in net profit for Q1 2022, reaching AED198 million ($54 million) or 2.8 fils per share as compared to AED88 million in Q1 2021.
Dana Gas also begins the process to find a new CEO, which would take up rest of 2022
Dana Gas, the Middle East’s largest regional private sector natural gas firm, has been included in the FTSE ADX 15 Index (FADX 15), the Abu Dhabi Securities Exchange (ADX)’s new blue chip equity index.
The Middle East’s largest regional private sector natural gas company, said its revenue increased 30 per cent to $452 million in 2021 compared to $349 million (Dh1....